Tidal’s Jeff Toig steps down as Chief Executive Officer

NEW YORK – According to Complex News, Tidal the streaming service will soon be bringing in its fourth Chief Executive Officer after the company announced that Jeff Toig will be stepping down – a position he held for 14 months.

“As part of Tidal’s continued expansion this year we will be announcing a new CEO in the coming weeks,” Tidal officials wrote in a statement. “We wish former CEO, Jeffrey Toig, all the best in his future endeavors.”

Toig’s departure comes on the heels of the streaming services deal with Sprint for a reported 33 percent stake worth about $200 million. He arrived to the company after serving two years as SoundCloud’s chief business officer.